Waste Connections, Inc. (NYSE:WCN) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 320.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,715 shares of the business services provider's stock after buying an additional 11,974 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Waste Connections were worth $2,346,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WCN. HighTower Advisors LLC grew its position in Waste Connections by 36.0% during the first quarter. HighTower Advisors LLC now owns 10,714 shares of the business services provider's stock valued at $1,501,000 after buying an additional 2,835 shares during the period. Private Advisor Group LLC raised its position in shares of Waste Connections by 10.4% during the 1st quarter. Private Advisor Group LLC now owns 3,202 shares of the business services provider's stock valued at $448,000 after purchasing an additional 301 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Waste Connections by 39.5% during the 1st quarter. Vontobel Holding Ltd. now owns 11,747 shares of the business services provider's stock valued at $1,641,000 after buying an additional 3,328 shares in the last quarter. Blair William & Co. IL boosted its holdings in Waste Connections by 34.9% in the 1st quarter. Blair William & Co. IL now owns 40,524 shares of the business services provider's stock worth $5,661,000 after buying an additional 10,473 shares during the period. Finally, Sei Investments Co. boosted its holdings in Waste Connections by 6.2% in the 1st quarter. Sei Investments Co. now owns 133,034 shares of the business services provider's stock worth $18,661,000 after buying an additional 7,734 shares during the period. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Trading Down 0.2 %

Shares of NYSE:WCN traded down $0.41 during trading on Friday, reaching $167.13. The company's stock had a trading volume of 677,374 shares, compared to its average volume of 891,569. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.88. Waste Connections, Inc. has a 12 month low of $126.12 and a 12 month high of $173.02. The firm's 50 day simple moving average is $166.85 and its two-hundred day simple moving average is $149.81. The stock has a market capitalization of $43.12 billion, a PE ratio of 56.46, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The business services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.03. Waste Connections had a net margin of 9.51% and a return on equity of 14.42%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $0.89 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. On average, research analysts predict that Waste Connections, Inc. will post 4.85 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Tuesday, February 27th. Waste Connections's payout ratio is 38.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WCN. CIBC boosted their price objective on Waste Connections from $175.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Jefferies Financial Group upped their price target on Waste Connections from $195.00 to $217.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. JPMorgan Chase & Co. lifted their price objective on shares of Waste Connections from $153.00 to $175.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. UBS Group downgraded shares of Waste Connections from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $170.00 to $181.00 in a report on Thursday, February 29th. Finally, StockNews.com raised shares of Waste Connections from a "hold" rating to a "buy" rating in a research note on Thursday, March 21st. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Waste Connections presently has an average rating of "Moderate Buy" and a consensus price target of $177.69.

Insider Activity at Waste Connections

In other Waste Connections news, Director Andrea E. Bertone sold 902 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $169.17, for a total value of $152,591.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is owned by insiders.

About Waste Connections

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.